Gas Tax to Go Up One Cent in July
Frankfort, KY – The state of Kentucky is going to add another penny
per gallon in gasoline tax. The increase will take
effect by July.
The tax is based on a 24 year old law that calls for a
temporary increase in the state's gas tax when the wholesale
price that stations pay averages more than one dollar and
eleven cents, over a selected month.
Last month that happened for the first time since 1981.
Before the one cent per gallon increase becomes official,
the U-S Department of Energy must issue the final figures.
However, Revenue Cabinet officials say the current data
is pretty conclusive that the gas tax hike will take place.